The biggest US cryptocurrency exchange Coinbase goes for public sale
Following the US SEC decision to grant the Coinbase a public sale of its stocks, on April 14, the Coinbase shares will be listed on the New York Stock Exchange. According to the independent reports, the company has more that 56 million users and operates in more than 100 countries worldwide. By estimate, The Coinbasećs assets are appraised at $223 billion. The initial valuation of the Coinbase is now at $100 billion. The Coinbase will not follow the usual IPO route by offering the investment banks to collect the money for this offering, but instead it will offer shares directly to the stock exchange in a so-called direct listing process. This is the biggest cryptocurrency company in the world that will offer their shares publicly.